AlphaQuest LLC Has $82,000 Position in Sensient Technologies Corporation $SXT

Key Points

• AlphaQuest LLC significantly reduced its stake in Sensient Technologies by 92.7%, now holding only 1,095 shares after selling 13,879 shares in the first quarter.
• Several large investors, including GAMMA Investing LLC and Russell Investments Group Ltd., have increased their stakes in Sensient Technologies, indicating strong institutional interest with 90.86% of the stock owned by institutional investors.
• Analysts have positive projections for Sensient Technologies, with a consensus rating of "Moderate Buy" and an average target price of $110.00, following a solid quarterly earnings report that exceeded expectations.

AlphaQuest LLC decreased its holdings in shares of Sensient Technologies Corporation (NYSE:SXT - Free Report) by 92.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,095 shares of the specialty chemicals company's stock after selling 13,879 shares during the quarter. AlphaQuest LLC's holdings in Sensient Technologies were worth $82,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC raised its stake in Sensient Technologies by 132.6% during the first quarter. GAMMA Investing LLC now owns 435 shares of the specialty chemicals company's stock worth $32,000 after acquiring an additional 248 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Sensient Technologies by 52.5% in the first quarter. Russell Investments Group Ltd. now owns 1,257 shares of the specialty chemicals company's stock valued at $94,000 after purchasing an additional 433 shares during the period. State of Wyoming increased its stake in shares of Sensient Technologies by 52.9% in the fourth quarter. State of Wyoming now owns 1,913 shares of the specialty chemicals company's stock valued at $136,000 after purchasing an additional 662 shares during the period. CWM LLC increased its stake in shares of Sensient Technologies by 8.6% in the first quarter. CWM LLC now owns 1,894 shares of the specialty chemicals company's stock valued at $141,000 after purchasing an additional 150 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Sensient Technologies in the fourth quarter valued at approximately $155,000. Institutional investors and hedge funds own 90.86% of the company's stock.

Sensient Technologies Stock Performance

SXT traded down $0.04 during trading on Friday, hitting $112.79. The stock had a trading volume of 272,041 shares, compared to its average volume of 372,989. The company has a current ratio of 4.25, a quick ratio of 1.78 and a debt-to-equity ratio of 0.61. The firm has a market cap of $4.79 billion, a PE ratio of 35.58 and a beta of 0.57. The company has a 50 day simple moving average of $111.46 and a 200-day simple moving average of $93.00. Sensient Technologies Corporation has a 12 month low of $66.14 and a 12 month high of $121.54.

Sensient Technologies (NYSE:SXT - Get Free Report) last posted its quarterly earnings results on Friday, July 25th. The specialty chemicals company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.06. The company had revenue of $414.23 million for the quarter, compared to analyst estimates of $417.60 million. Sensient Technologies had a net margin of 8.56% and a return on equity of 12.56%. The business's quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the business posted $0.77 EPS. Sensient Technologies has set its FY 2025 guidance at 3.130-3.230 EPS. Analysts expect that Sensient Technologies Corporation will post 3.1 EPS for the current year.

Sensient Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 4th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Monday, August 4th. Sensient Technologies's payout ratio is 51.74%.

Wall Street Analyst Weigh In

SXT has been the topic of several analyst reports. Robert W. Baird raised their price target on shares of Sensient Technologies from $93.00 to $125.00 and gave the company an "outperform" rating in a research note on Thursday, July 3rd. CJS Securities initiated coverage on shares of Sensient Technologies in a report on Tuesday, June 10th. They issued a "market perform" rating and a $95.00 price objective for the company. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $110.00.

About Sensient Technologies

Sensient Technologies Corporation, together with its subsidiaries, develops, manufactures, and markets colors, flavors, and other specialty ingredients in North America, Europe, Asia, Australia, South America, and Africa. The company offers flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, and natural extracts; and chili powder, paprika, and chili pepper, as well as dehydrated vegetables comprising parsley, celery, and spinach to the food, beverage, and personal care industries.